Daily Newsletter Newsletter-Agri Agri Commodity 19/07/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Chana falls on profit booking Jeera regains on short covering Pepper rebounds on fresh buying Oilseeds, soy oil ease on higher soybean area Guar up on lower stock Cardamom surges on weak arrivals Mentha oil slumps on weak industrial demand
The sowing progress of Kharif pulses has been good in Maharashtra and Madhya Pradesh which is likely to have a negative impact over market sentiments. The Cardamom August futures are expected to continue to trade up short covering. Export demand from gulf is expected to support the prices. Good export & domestic demand, lower stocks and a fall in production of Pepper are likely to support the market sentiments in the near term. There is some scope for upside movement on the back of a strong demand of Mentha oil from pharmaceutical companies, besides export demand. Weak monsoon progress over north-west India might further delay the Guar sowing in rain fed regions of Rajasthan which is likely to push the prices further upside. Turmeric futures may remain sideways following reports of slowdown in sowing due to poor rains in producing regions. Broad fundamentals like the lower global oil seed production forecast and rape seed crop concerns in Ukraine might drive the prices upside. CPO futures are likely to dip on Malaysian prices. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (AUG) Trend Strategy Resistance
• Consolidate • Buy on dips • R2 - 905 • R1 - 890 • S1 - 860 • S2 - 845
Support
GUARGUM (AUG) Trend
• Bullish • Buy on dips
Strategy
CHANA (AUG AUG) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 3030 • R1 - 2955
Support
• S1 - 2900 • S2 - 2860
GUARSEED (AUG AUG) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 13250 • R1 - 13100
Resistance
• R2 - 4220 • R1 - 4180
Support
• S1 - 12750 • S2 - 12600
Support
• S1 - 4090 • S2 - 4040
JEERA (AUG) Trend Strategy
• Consolidate • Buy on dips
MENTHA OIL (JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 16600 • R1 - 16200
Resistance
• R2 - 1130 • R1 - 1110
Support
• S1 - 15700 • S2 - 15600
Support
• S1 - 1070 • S2 - 1050
PEPPER (AUG) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (AUG AUG) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 29350 • R1 - 28900
Resistance
• R2 - 2990 • R1 - 2970
Support
• S1 - 28050 • S2 - 27400
Support
• S1 - 2930 • S2 - 2900
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (AUG)) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (AUG AUG) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2370 • R1 - 2350
Resistance
• R2 - 7450 • R1 - 7350
Support
• S1 - 2300 • S2 - 2270
Support
• S1 - 7150 • S2 - 7050
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits sui them the most. Sincere efforts have been made to present tthe he right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made made investment advice. Money Capitalheight Research Pvt Ltd. recommends that investors independently evaluate particular investments and strategie strategies, s, and encourages investors to seek the advice of a financial adviser. Money Capitalheight Research Pvt Ltd. Ltd.shall shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Money Capitalheight Research Pvt Ltd. might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either eit the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance accepta of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Money Capitalheight Research Pvt Ltd. does not purport to o be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is rec received eived directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com